StockNews.com starts reporting on Airgain (NASDAQ:AIRG)

Stock research analysts at StockNews.com began reporting on shares of Airgain (NASDAQ:AIRG – Get a Free Report) in a research note issued to investors on Monday. The brokerage gave the tech company’s stock a “hold” rating.

Air Gain Stock Dropped 0.8%

Shares of NASDAQ AIRG opened at $5.29 on Monday. The company’s fifty-day moving average is $4.88 and its 200-day moving average is $3.87. The stock has a market cap of $55.60 million, a price-to-earnings ratio of -4.45 and a beta of 0.85. Airgain has a 12-month low of $1.63 and a 12-month high of $6.37.

Airgain (NASDAQ:AIRG – Get Free Report) last reported its quarterly results on Wednesday, March 6. The technology company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) ($0.15). The company had revenue of $10.07 million for the quarter, compared to the consensus estimate of $10.00 million. Airgain had a negative return on equity of 24.77% and a negative net margin of 22.18%. On average, research analysts expect Airgain to post -0.44 earnings per share for the current fiscal year.

Insider transactions at Airgain

In other news, CTO Ali Sadri sold 5,379 shares of Airgain in a transaction on Thursday, March 21. The shares sold at an average price of $5.10, for a total transaction of $27,432.90. Following the transaction, the Chief Technology Officer now directly owns 96,958 shares of the company’s stock, valued at $494,485.80. The sale was disclosed in a legal filing with the SEC, which is available on the SEC website. In related news, CTO Ali Sadri sold 5,379 shares of the company’s stock in a transaction on Thursday, March 21. The shares sold at an average price of $5.10, for a total transaction of $27,432.90. Following the sale, the Chief Technology Officer now directly owns 96,958 shares of the company’s stock, valued at $494,485.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jacob Suen sold 10,639 shares of the company’s stock in a transaction on Thursday, March 21. The stock sold at an average price of $5.10, for a total transaction of $54,258.90. Following the sale, the CEO now owns 236,275 shares in the company, valued at $1,205,002.50. The explanation of this sale can be found here. Insiders have sold a total of 23,814 shares of the company’s stock, worth $122,510, in the last three months. 15.30% of the shares are currently owned by business insiders.

Institutional investors are weighing in on the air profit

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. increased its stake in Airgain shares by 30.7% during the first quarter. Advisor Group Holdings Inc. now owns 4,916 shares of the technology company’s stock worth $38,000, after acquiring an additional 1,154 shares during the period. UBS Group AG increased its holdings in shares of Airgain by 256.8% during the second quarter. UBS Group AG now owns 6,066 shares of the technology company’s stock worth $49,000 after acquiring an additional 4,366 shares during the period. Bank of America Corp DE increased its holdings in shares of Airgain by 28,550.0% during the first quarter. Bank of America Corp DE now owns 6,303 shares of the technology company’s stock worth $34,000 after acquiring an additional 6,281 shares during the period. Virtu Financial LLC acquired a new stake in shares of Airgain during the second quarter valued at $85,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Airgain during the fourth quarter valued at $73,000. 52.76% of the shares are currently held by institutional investors and hedge funds.

Airgain company profile

(Get a free report)

Airgain, Inc provides wireless connectivity solutions that create and deliver embedded components, external antennas and integrated systems worldwide. The company’s products include embedded MaxBeam antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra-embedded antennas; and SmartMax embedded antennas.

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